Delaware Business Now
Delaware Law notes, July 30, 2015
Richards Layton & Finger announce promotions
Richards, Layton & Finger, Wilmington, announced that it has elected Mark Kurtz and Joshua Novak as directors of the firm and Jennifer Veet Barrett, Kenneth Jackman, and Cory Kandestin...
State Chamber seeks Gilman small business award nominees
The Delaware State Chamber of Commerce is again seeking entries for its Marvin S. Gilman Superstars in Business Awards program, now in its 17th year.
The Delaware State Chamber of Commerce launched the Gilman Superstars...
Chemours takes note of tough market conditions during and after spinoff
The Chemours Company this week took note of tougher market conditions during and after its spin-off from DuPont this month.
In this week’s earnings report, DuPont reported Performance Chemicals segment net sales in the second...
DCRAC asks U.S. Attorney General to examine use of foreclosure settlement $$...
BasicGov / Foter / CC BY-SA(Click here to read letter to Attorney General)
A group that monitors the financial services industry in Delaware is asking the U.S. Attorney General to determine if the state misused...
Stockbridge, Buccini named to Business Leaders Hall of Fame
M&T Bank and Junior Achievement of Delaware announced that Rob Buccini, co-founder and co-owner of The Buccini/Pollin Group, and Gary R. Stockbridge, president of Delmarva Power Region of Pepco Holdings Inc., will be honored...
Verizon says union claims on FiOS broadband service ‘baloney’
birdphone / Foter / CC BY-NC-SAVerizon has come out swinging after a union charged that the company with failing to build out its high-speed broadband system.
The Communications Workers of America has authorized a strike against...
Check out the July 29, 2015 edition of the Business Bulletin
Manufacturing jobs are coming to New Castle County, thanks in part to state grant packages.
CLICK HERE to check out this story and others in this week's edition of the Bulletin.The Bulletin comes free of charge in an easy-to-read...
Downstate casinos take biggest hit in saturated market
Slot machine net proceeds information from the Delaware Lottery indicates the two Kent County casinos are taking the brunt of the competition in an increasingly saturated gaming market in the region.
During the...
Business people: July 29-Aug. 3, 2015
DuPont announces senior management changes
DuPont Co. has named Marc Doyle senior vice president for its Safety & Protection businesses, reporting to Ellen Kullman, chair and CEO.
Matthew L. Trerotola, who was executive vice president with responsibility...
Frontier adds fall-winter service from Philly to Montego Bay, Fort Meyers
Frontier Airlines is beefing up service out of Philadelphia International Airport to warm weather destinations after earlier announcing it would not return to New Castle Airport.
Last winter, the carrier offered service from New Castle...
Newark to hold blood drive on Thursday
A city blood drive will be held on Thursday at the Newark Municipal Building off Main Street, formerly Elkton Road.
The Blood Bank of Delmarva Blood Mobile will be parked at the Municipal Building. Mr....
DuPont posts slightly higher earnings in second quarter
DuPont reported slightly higher earnings in the second quarter, with the company reporting higher operating profit margins and a negative impact from a stronger U.S. dollar.
The company reported earnings per share of $1.18 compared...
(Updated with video) Two manufacturers adding operations in New Castle area
A company involved in a ground-breaking project that used 3D printing to make a replica of a prized sports car and a Delaware automotive aftermarket equipment manufacturer serving the high performance market are on...
AstraZeneca to partner with Japanese pharma company on late stage asthma-COPD drug
AstraZeneca has reached an agreement with Kyowa Hakko Kirin Co. Ltd. (Kyowa Hakko Kirin) for an exclusive option to commercialize the breathing drug benralizumab for asthma and chronic obstructive pulmonary disease (COPD) in Japan.
Benralizumab is in late-stage...
Two leases signed at Courthouse Square
CBRE, Inc. has announced new leases for a law firm and title company at Courthouse Square in downtown Wilmington, previously known as the Alico building.
Click here for a previously BusinessDaily story on the building.
K&L Gates...
County Council approves use of bonds for ‘crowd funding’ stock exchange
An entity known as Delaware Board of Trade Holdings Inc.is on is way to getting $15 million in county bonds for a first-of-its-kind "crowd- funding" stock exchange operation in Wilmington.
New Castle County Council unanimously approved...
AstraZeneca sells rights to orphan drug used to treat thyroid cancer
AstraZeneca announced that it has entered into a deal with Genzyme to sell Caprelsa (vandetanib), a rare disease medicine. The sale will sharpen the company's focus, a headline on a release stated.
Caprelsa was granted Orphan Drug Designation by...
Sallie Mae earnings increase in second quarter
Sallie Mae reported an increase in second quarter when compared to net income from the same period a year ago.
The earnings gain was primarily due to earnings- per-share contributions from a previously announced private...
Rhodes to head consumer side of TD Bank in U.S.
TD Bank, named Wilmington resident Michael Rhodes Head of Consumer Bank.Based in Cherry Hill, N.J., Rhodes has U.S. accountability for Retail Distribution, Retail Sales & Service Strategy, Retail Product Strategy and Development, and “omni-channel...
Wilmington manufacturer faces fine after OSHA inspection
A Wilmington manufacturer is facing fines after an Occupational Safety and Health Administration inspection found levels of dust that could cause an explosion.
The investigation was conducted at Franklin Fibre-Lamitex Corp., a precision parts manufacturer...
